The agents of this first IPO on the Zagreb Stock Exchange in the last seven years are Intercapital Vrijednosni Papiri and Raiffeisenbank Austria. Offered for sale are 3,600,000 TNG shares, with the optional sale of an additional 400,000 shares, at a price that will range between HRK 64 and 77 per share.
The capital raised will be used for the purchase of new ships, Tankerska Plovidba said.
Tankerska Plovidba is the TNG's sole owner.
The initial public offering will start on January 26 and last until February 5.
Its results are expected to be published by the Zagreb Stock Exchange on or around February 6.
TNG shares are offered for sale to major investors in Croatia, the United States and elsewhere, as well as to qualified institutional buyers in the United States, with the minimum value of shares to be bought set at HRK 400,000.
Small investors from Croatia and current shareholders in Tankerska Plovidba will also be able to participate in the IPO.